It was headed by Francis Wheat. The work cannot be adapted or modified in any way. Subsection 44ZZA(3) of the Competition and Consumer Act 2010 sets out the criteria that the ACCC applies in determining whether to accept an undertaking. The Australian Competition and Consumer Commission is empowered to accept access undertakings in accordance with section 44ZZA of the Competition and Consumer Act 2010. L Staley, ‘Taking apart Australia’s last single desk’, Institute of Public Affairs Review, September 2008, p. 55, viewed 16 May 2012, http://www.ipa.org.au/publications/1397/taking-apart-australia/pg/5, . Removing wheat exports accreditation process will take away the checks and balances wheat customers expect—putting the nation’s reputation at risk. What is this an example of? B Nelson (former Leader of the Opposition), ‘Second reading speech: Wheat Export Marketing Bill 2008’, House of Representatives, Debates, 3 June 2008, p. 4274, viewed 16 May 2012, http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22chamber%2Fhansardr%2F2008-06-03%2F0106%22. The text of the undertaking by Australian Bulk Alliance Pty Ltd can be viewed at: http://www.accc.gov.au/content/index.phtml/itemId/964331, . Have your say: Draft export control rules. In essence, you are free to copy and communicate this work in its current form for all non-commercial purposes, as long as you attribute the work to the author and abide by the other licence terms. third, it repeals the WEMA on 1 October 2014. abolishing the Wheat Export Accreditation Scheme. . 173–174. cit., p. 2. These gaps have been reflected in some of the recommendations of the House Standing Committee on Agriculture, Fisheries and Forestry in its Advisory Report into the Bill.. the outcomes from any other relevant reviews, consultation to date and inputs made by industry groups. This matter is addressed under heading ‘Main issues’ in this Bills Digest. Q 1.15: How are FASB and GAAP related when it comes to user groups? Q 1.1: Marissa is preparing a cash budget for the Chief Financial Officer. The text of the undertaking by GrainCorp Operations Ltd can be viewed at: http://www.accc.gov.au/content/index.phtml/itemId/868801. Details of the Senate Standing Committee on Rural and Regional Affairs and Transport inquiry are at: http://www.aph.gov.au/Parliamentary_Business/Committees/Senate_Committees?url=rrat_ctte/grains_2011/index.htm, . It will be up to the Minister to approve the funding. Australia, Australian The section requires that a provider of a port terminal service must disclose the relevant policies and procedures for managing demand for the port terminal service as well as information about the shipping stem. This is the case for a number of reasons, including: Part IVB of the CCA relates to industry codes. Financial Accounting and Accounting Standards. Online Lodgement System (COLS), Biosecurity Import Provide feedback on the draft rules for egg, fish, meat, milk, organics, plant & poultry exports. The Strategy will recommend potential actions to address the agriculture industry’s future workforce needs. Item 29 of Schedule 1 to the Bill repeals Part 2 of the old Act to abolish the wheat export accreditation scheme. Australia, House of Representatives, Votes and proceedings, no. P Pyburne, Wheat Export Marketing Bill 2008, Bills Digest, no. Due to COVID-19 Parliament House has limited public access. CS1 maint: multiple names: authors list (, https://en.wikipedia.org/w/index.php?title=The_Wheat_Committee&oldid=912225536, Creative Commons Attribution-ShareAlike License, This page was last edited on 24 August 2019, at 02:34. Ben believes that financial reports should be tailored primarily toward shareholders. small exporters, Exporter The assets in the reports are distinct from those of shareholders. The market will then move to full deregulation, with all aspects of the industry subject to general competition law administered by the Australian Competition and Consumer Commission. GrainCorp, for example, considered that the reforms in the Bill ‘are the logical next step to improve the competitiveness of Australian wheat exports, following the process of deregulation which commenced in 2008’. , One of the ten who voted against the move to abolish the single desk was independent member, Tony Windsor. productivity, Water legislation in research and development for profit, Lodging . the applicant is not under external administration. These provisions are consistent with the terms of the Secretary’s powers in proposed subsections 7(4) and 8(2). Senate Rural and Regional Affairs and Transport References Committee, Operational issues in export grain networks, op. cit., p. 365. ... How does the Financial Accounting Standards Board differ from the Accounting Principles Board that it replaced? Australian fishing zone, Fisheries In addition, proposed subsection 8(1) prohibits a person who is the provider (or an associated entity) of a port terminal service from exporting wheat if the person was required under proposed section 7 to pass the access test, but did not do so at the time of the export.  However, at the time of forming the minority government following the 2010 Federal election, Mr Windsor reportedly ‘confirmed that reinstating the single desk for wheat marketing is not on his negotiation agenda’. entry quarantine facilities, Drought and The Productivity Commission recommended that the existing Grains Research and Development Corporation levy collection framework would be ‘the most practical and cost-effective option for funding stocks information by state’. Existing paragraph 13(1)(c), Wheat Export Marketing Act 2008. "Wheat is a good source of fiber, vitamins and minerals," said Joanne Slavin, nutrition professor at the University of Minnesota. Q 1.12: What is the connection between the Wheat Committee and the APB? New South Wales Farmers’ Association, Submission to Senate Rural and Regional Affairs and Transport Legislation Committee, Inquiry into the Wheat Export Marketing Amendment Bill 2012, op. An access undertaking is a document which establishes the terms and conditions under which a service provider is willing to offer or negotiate access to services provided by an essential facility to an access seeker. The access test is contained in section 24 of the old Act. A The APB led to the scandal surrounding the Wheat Committee. If the ACCC accepts the undertaking, the provider is required to provide access in accordance with the undertaking. It might be fumigated if necessary. C The Wheat Committee led to the creation of the APB. Accreditation is dependent upon an exporter satisfying certain eligibility criteria including that the company is a fit and proper company, that the company passes an access test in relation to any port services which it (or an associated entity) provides and that the company complies with certain reporting obligations. Conditions System (BICON), Import The committee conducted a comprehensive consultation process, speaking to more than 300 stakeholders across the sector, including: The committee received more than 100 written submissions on its National Agricultural Workforce Strategy discussion paper. 128, 2007–08, Parliamentary Library, Canberra, 2008, viewed 16 May 2012, http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22legislation%2Fbillsdgs%2FDPPQ6%22. a. the Wheat Committee led to the creation of the APB b. the APB led to the scandal surrounding the Wheat Committee c. the Wheat Committee ultimately led to the replacement of the APB d. the APB ultimately led to the replacement of the Wheat Committee To address this, a National Agricultural Workforce Strategy has been developed by the National Agricultural Labour Advisory Committee and submitted to the Australian Government for consideration. . B The APB ultimately led to the replacement of the Wheat Committee. Similarly proposed subsection 8(2) contains an exception to the prohibition against exporting wheat using a port terminal service where the exporter failed to pass the access test. Thanks! In either circumstance, the Secretary may provide that the relevant sections do not apply where he or she is satisfied that there are special circumstances for doing so. Existing section 24 of the WEMA contains the current continuous disclosure rules. Q 1.19: When companies concentrate primarily on maximizing the bottom line, what impact does it have on accountants? The Study Group submitted its recommendations to the AICPA Council in the spring of 1972, which led to the replacement of the APB with the Financial Accounting Standards Board (FASB) in 1973. . P Volcker (Chairman), Independent inquiry committee into the United Nations oil-for-food programme, 2005, http://kms1.isn.ethz.ch/serviceengine/Files/ISN/13894/ipublicationdocument_singledocument/b2775461-f442-4575-b746-9c038d3c8bb6/en/ManipulationReport.pdf, . goods to Australia, Exhibitions,  Under proposed section 10, the Secretary may notify the Chief Executive Officer of Customs that he or she wishes the Customs Act 1901 (the Customs Act) to apply to an exportation of wheat that contravenes proposed section 8. Industry good functions can exhibit ‘public good’ characteristics, ‘private good’ characteristics, or varying degrees of each..
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